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Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current assets  
Cash and cash equivalents$ 576,154$ 1,629,530
Trade receivables, net - Note 62,370,0121,511,102
Inventories, net - Note 74,509,6484,063,135
Loan to a related party - Note 8929,450 
Other receivables and deposits - Note 95,076,1613,862,525
Restricted cash - Note12468,630455,100
Deferred tax asset36,01144,054
Total current assets13,966,06611,565,446
Property and equipment, net - Note 10413,504594,545
TOTAL ASSETS14,379,57012,159,991
Current liabilities  
Short-term secured bank loan - Note 121,398,080986,050
Current maturities of long-term secured bank loan - Note 131,077,849280,645
Trade payables1,495,4131,387,804
Loan from a stockholder - Note 14242,2208,005
Other payables, deposits received and accrued expenses - Note 153,375,4242,750,464
Income tax payable128,348 
Total current liabilities7,717,3345,412,968
Long-term secured bank loan - Note 13 932,955
TOTAL LIABILITIES7,717,3346,345,923
COMMITMENTS AND CONTINGENCIES - Note 17  
STOCKHOLDERS' EQUITY  
Common stock: par value $0.01 per share Authorized 40,000,000 shares; issued and outstanding 22,840,000 shares228,400228,400
Preferred stock: par value $0.01 per share Authorized 10,000,000 shares; none issued and outstanding  
Additional paid-in capital9,280,9779,280,977
Statutory reserve568,115568,115
Accumulated other comprehensive income1,232,5831,034,998
Accumulated deficit(4,647,839)(5,298,422)
TOTAL STOCKHOLDERS' EQUITY6,662,2365,814,068
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 14,379,570$ 12,159,991